Nigeria is a federal republic of 36 states western African country located on the Gulf of Guinea and Atlantic Ocean. The country boarders Benin in the west, Chad and Cameroon in the East. Nigeria has become Africa’s largest economy due to the abundance oil since the 1970s resulting a $1.089 trillion GDP in 2016. Apart from Oil Nigeria’s natural resources also include natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, and arable land. Although being rich in desired natural resources, oil prices have lowered resulting in a fall in GDP over the years. Other obstacles hurting Nigeria per the CIA are its inadequate power supply, lack of infrastructure, delays in the passage of legislative reforms, an inefficient property registration system, restrictive trade policies, an inconsistent regulatory environment, slow judicial system, and pervasive corruption.
After the analysis conducted in this report, it is highly recommended to expand operation into Nigeria because of the potential it offers and although this expansions presence risks the benefits outweigh …show more content…
Being the most populous country in Africa it is difficult to prevent a divide in people that have so many different ethnic and religious background. Another big part of Nigeria’s political situation is sadly the attacks by the Islamic State-aligned Boko Haram. (Nigeria Country Profile, 2017) Over the years Boko Haram has made headlines from the thousands of murders and many other crimes targeted at innocent civilians. Nigeria’s current leader is Muhammadu Buhari who was a military leader and now is fighting to stop corruption within the government and further continue the idea of democracy and govern as an civilian leader to help insure stability and Nigeria and attract more foreign
After the analysis conducted in this report, it is highly recommended to expand operation into Nigeria because of the potential it offers and although this expansions presence risks the benefits outweigh …show more content…
Being the most populous country in Africa it is difficult to prevent a divide in people that have so many different ethnic and religious background. Another big part of Nigeria’s political situation is sadly the attacks by the Islamic State-aligned Boko Haram. (Nigeria Country Profile, 2017) Over the years Boko Haram has made headlines from the thousands of murders and many other crimes targeted at innocent civilians. Nigeria’s current leader is Muhammadu Buhari who was a military leader and now is fighting to stop corruption within the government and further continue the idea of democracy and govern as an civilian leader to help insure stability and Nigeria and attract more foreign